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Sunday, February 4, 2024

Crypto buying and selling community Apifiny launches new good order routing characteristic throughout 25+ exchanges » CryptoNinjas

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Apifiny, a cross-exchange crypto-asset buying and selling community, at present introduced the launch of its new Good Order Routing (SOR), a complicated characteristic that permits institutional merchants to automate and route orders throughout Apifiny’s 25+ linked exchanges for finest worth execution.

The SOR characteristic addresses crucial crypto market fragmentation by enhancing the capabilities of multi-exchange buying and selling via a single API and account.

Institutional merchants are accustomed to utilizing good routing methods, and SOR is designed to automate and break down massive orders and seeks to determine the most effective costs all through networked exchanges to reduce any slippage in worth.

Apifiny’s objective is to drive institutional adoption with applied sciences and instruments that handle issues throughout the crypto trade, particularly market fragmentation. Prior to now yr, it has been reported that the crypto markets are so fragmented that even when the 5 largest exchanges have been to merge, the brand new entity would nonetheless solely command round 40% of the general buying and selling quantity.

“With the intention to handle liquidity fragmentation, good order routing was the logical subsequent step within the evolution of Apifiny’s platform. SOR has confirmed to be a key device in inventory buying and selling and permits for hedging towards fragmentation by analyzing the market and executing orders in direction of a unified worth. Whereas there are nonetheless a number of main platform developments to return this yr, SOR is a big step ahead for institutional merchants and we’re excited to supply it via Apifiny.”
– Haohan Xu, CEO of Apifiny

Connecting with over 25 of the highest crypto exchanges by buying and selling quantity, the Apifiny community will increase stability and reduces disruption within the market by offering speedy entry to the optimum market-clearing costs and liquidity for buying and selling cryptocurrencies.


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